DBA Digest for July 9, 2021 |
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Discounted Early Bird Registration Now Open!
2021 Delaware Trust Conference - October 19th & 20th
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Discounted Early-Bird Registration is now open for the 2021 Delaware Trust Conference! The 2021 edition is back at the Chase Center on the Riverfront and better than ever! For those who still need to distance, this year’s conference will also be available as a live stream. There will also be a selection of on-demand sessions for all attendees. All the sessions feature the stellar line-up of the nation’s top trust, legal, and wealth management experts for which the Delaware Trust Conference is known.
The Delaware Trust Conference is an ideal opportunity to network while obtaining continuing education credit for: Trust Professionals, Portfolio Managers, Financial Advisors, Attorneys, CPAs, CTFAs, Wealth & Asset Management Services Executives, Executive Trust Officers, Investment Officers, Investment Managers, and Trust Department Managers.
Follow the link below for agenda, registration and sponsorship information!
Sponsorships and exhibitor space are now available! And all sponsors, Diamond level and above receive free exhibit space! Join these prestigious sponsors...
Diamond Sponsors:
Glenmede
Gordon, Fournaris & Mammarella, P.A.
McCollom D'Emilio Smith Uebler LLC
Young Conaway Stargatt & Taylor, LLP
Gold Sponsors:
Charles Schwab Trust Company
Connolly Gallagher LLP
Morris, Nichols, Arsht & Tunnell LLP
Silver Sponsors:
Bank of America, Private Bank
First State Trust Company
Morris James LLP
Pinion
Santora CPA Group
SunTrust Delaware Trust Company
Bronze Sponsors:
Belfint, Lyons & Shuman, CPAs
Exhibitors:
Heritage Auctions
Pinion
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Next Women Connect: Exploring Emotional Intelligence with Linda Comerford - July 22nd!
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Don't miss the final session in the 2021 Women Connect Speaker Series: Exploring Emotional Intelligence, with Linda Comerford, July 22, 12:00 to 1:30 p.m. Linda will explore the powerful EQ-i 2.0 approach that includes Problem Solving and Stress Management topics. This EQ-i program blends training and coaching strategies to help you and your colleagues analyze how often they use the skills, determine their impact on others, and balance their usage for increased professional and personal well-being.
And don't forget, the first five sessions in the 2021 Women Connect Speaker Series are now available for on-demand viewing. Empower and connect with these great speakers and sessions...
- Build Your Personal Brand - Laura Meyer
- Business Ready Essentials - Danielle Turcola
- Building Rapport and Engagement - Cathleen Hitchens
- Taking the Work out of Networking - All-Star Panel
- Leveraging Your LinkedIn - Michael Coniglio
You can attend all six dynamic Women Connect sessions in 2021 for just $199 for DBA Members, or attend individually for $39 per session for DBA members. All sessions will be available live on the day of the event, and on-demand for viewing at your convenience.
Follow the link below to register and to view the full series agenda!
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Ask the Fed®: Current Expected Credit Losses (CECL)- Scaled CECL Allowance for Losses Estimator (SCALE) Method
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On Thursday July 15, 2021, at 2:00 p.m. ET, staff from the Federal Reserve will host an Ask the Fed® webinar on the SCALE method for determining expected credit losses under CECL. The Financial Accounting Standards Board (FASB) and the Conference of State Bank Supervisors (CSBS) will also participate in the webinar.
The SCALE method leverages industry or peer data from the Call Report as the starting point for estimating an allowance for credit losses. Banks must further adjust this starting point to reflect bank-specific facts and circumstances to arrive at a final CECL estimate. The session will also walk through a spreadsheet-based tool intended to assist banks with total assets under $1billion in implementing CECL
Institutions are encouraged to invite representatives from their internal audit function and their external audit firm to participate in the upcoming webinar on SCALE method.
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2021 Amendments to Delaware’s General Corporation Law and Alternative Entity Statutes |
In its current session, the Delaware legislature passed a number of amendments to the Delaware General Corporation Law (the “DGCL”), the Delaware Limited Liability Company Act (the “DLLCA”), the Delaware Revised Uniform Limited Partnership Act (“DRULPA”) and the Delaware Revised Uniform Partnership Act (“DRUPA” and, together with the DLLCA and DRULPA, the “alternative entity statutes”). Delaware Governor John Carney signed these bills into law on June 30, 2021. The amendments become effective on August 1, 2021.
The amendments include a number of substantive, technical and clarifying changes. Most notably, they include changes to the alternative entity statutes regarding the ratification of void or voidable acts, access to books and records, and the delegation of management powers. There was only one change to the DGCL this year.
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Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter
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Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). Troutman Pepper has developed a dedicated COVID-19 Resource Center to guide clients through this unprecedented global health challenge. We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge.
Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. We closely track these updates and have assembled an interactive tracker containing state orders and guidance documents regarding residential foreclosure and eviction moratoriums.
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The CFPB’s 10th Anniversary: Looking Back and Moving Forward - A Ballard Spahr Webinar on July 26 and August 3, 2021
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July 21, 2021 marks the 10th anniversary of the Consumer Financial Protection Bureau (CFPB) opening for business. In our two-part webinar, we will review the Bureau’s significant initiatives to date and share our thoughts on the Bureau’s likely direction throughout the Biden Administration. In Part I, we will take a close look at the Bureau’s major regulatory initiatives during its first 10 years, how it has responded to the rapid change in technology, and what we expect going forward. Part II will be devoted to supervisory and enforcement activities.
Part I: Monday, July 26, 2021 | 2:00 - 4:00 PM ET
Part II: Tuesday, August 3, 2021 | 12:00 - 1:30 PM ET
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Cinnaire Captures Novogradac QLICI of the Year Award |
The awards honor CDEs who strive for excellence in community development. Cinnaire received the Metro QLICI of the Year Award for its investment in Paul’s Place-Groundwork Kitchen in Baltimore, Maryland. DV Community Investment was one of two CDEs to make qualified low-income community investments into the property, along with The Community Builders, Inc.
Paul’s Place-Groundwork Kitchen is a 15,000-square-foot culinary arts training center, restaurant, and carryout shop in Baltimore. Paul’s Place, a nonprofit established nearly 20 years ago, is launching Groundwork Kitchen for classes of up to 15 people to learn front-house and back-of-house skills for the hospitality industry, graduating 60 adults per year.
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All Three New Foundations of Delaware Trusts Now Available On-Demand! Approved for 2.5 CE Credits Per Session; 2.00 DE CLE!
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All three new Foundations of Delaware Trusts are now available for on-demand viewing.
Discretionary Decision-Making with Cynthia D.M. Brown, President, Commonwealth Trust Company, and Todd A. Flubacher, Esq., Partner, Morris, Nichols, Arsht & Tunnell LLP
Estate Planning Strategies to Minimize Taxes and Control Wealth Transfer, with Matt D'Emilio, Managing Member, McCollum D'Emilio Smith Uebler LLC, and, Mark Doyle, Principal, Fiduciary Counsel, Bessemer Trust Company of Delaware, N.A.
Reading and Interpreting a Trust Document with David Diamond, President, The Northern Trust Company of Delaware, and Daniel Hayward, Partner, Gordon, Fournaris & Mammarella, P.A.
Each session is only $199 for DBA Members, or all three sessions for only $459 for members!
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Sign Up Now! Two On-Line Courses:
Fundamentals of Commercial Banking; and,
Analyzing Repayment Sources!
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The Delaware Bankers Association & Delaware Financial Education Alliance has partnered with Andy Keusal with Keusal Learning LLC to offer two new online Breaking into Banking videos:
- Breaking into Banking 101: Fundamentals of Commercial Banking - ten learning modules, over 5 hours in total content
- Breaking into Banking 201: Analyzing Repayment Sources - nine modules covers topics including how to analyze income statements, balance sheets, collateral, and risk rating.
Each module includes a video lesson and a multiple-choice self-check. Many of the lessons include exercises/case studies for learners to work through that are related to a sample company outlined in the course’s Reference Guide.
Get the full details, including an introductory video at the link below.
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